B—l [PT. IV],

Balance-sheet as at 31st March, 1947 Liabilities, Assets Amounts held under— £ £ Investments— £ £ Maori Reserves Act, 1882 .. .. .. 66,956 Local-body securities .. .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. .. 52,832 Government securities .. .. .. .. 136,830 Maori Land Act, 1931— £ Short-term investments: Treasury bills .. .. 240,000 Part X .. .. .. .. 55,807 Mortgages .. .. .. .. .. 344,227 Part III: Maori Land Boards .. .. 335,108 Advances (on overdraft) to estates and accounts .. 115,583 Special investment .. .. .. 350 Properties acquired under mortgage .. .. 17,551 Miscellaneous .. .. .. 8,061 Post Office Savings-bank war-service gratuity accounts 36,601 399,326 895,892 Maori Trustee Act, 1930 .. .. .. .. 81,505 Interest and rent due and accrued .. .. .. .. 17,579 Maori Purposes Fund Act, 1934-35 .. .. .. 61,981 Sundry debtors .. .. .. .. .. .. 105 Maori Housing Amendment Act, 1938 .. .. 126,304 Losses in Suspense .. .. .. .. .. 3 Ngaitahu Claim Settlement Act, 1944 .. .. 18,090 Cash balances— £ Finance Act (No. 2), 1946: Whakatohea claim settlement 20,000 In hand .. .. .. .. .. 89 Maori Purposes Act, 1946: Maori Hostels Fund .. 20,000 At bank .. .. .. .. .. 74,184 Miscellaneous funds .. .. - .. .. 29,521 At branches .. .. .. .. .. 9,319 ■ 876,515 In transit .. .. .. .. .. 5,000 Sundry creditors .. .. .. .. .. .. 1,122 88,592 Writings-off in Suspense .. .. .. .. .. 3 Reserves— £ Reserve against unpaid interest . . .. .. 1,218 Special reserve against claims .. .. .. 159 Assurance and Reserve Fund .. .. .. 113,546 Investment Fluctuation Account .. .. .. 1,033 : Profit and Loss Appropriation Account .. ..8,575 124,531 £1,002,171 £1,002,171 G. P. Shepherd, Under-Secretary and Maori Trustee. M. J. Lawless, A.R. A.N. Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

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